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Current Market Sentiment | UK Manufacturing PMI

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 1, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Our trade call is to sell Cable on a Manufacturing PMI reading below 51. Both stop-loss and take-profit approximately equal the ADR of 140 pips, but both should be set above significant levels of support or resistance. Current Market Sentiment: The Asian session saw multiple high impact data points; Building Approvals from Australia missed estimates at -7.5% m/m vs-2.9% expected. The Aussie saw some downside post release, and the decline continued with both the

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